Subdivisions and Finance

Mortgage brokers get involved in all sorts of property development including subdivisions for Residential Housing. The subdivision maybe rural land that has been  re-zoned by the city council, all the subdivision maybe vacant land lying within a city, click this link for more information. Vacant inner city land can be ideal, as it could be a hidden gem that has remained out of sight and mind four generations. Typically this may be a school that has been abandoned, or maybe government property such as railway yards which has been downsized and left fallow. While Neighbours may be well aware of a  vacant school, as it is probably a target for vandalism and such activities, the neighbours may not be aware that industrial Wasteland is also vacant.

 A problem for reclaimed industrial land can often be contamination because of Industrial chemicals such as oil. A residential subdivision in this case will need to make the land safe, and this could involve removing all the topsoil to a certain depth and dumping it and replacing it with new healthy topsoil.

 The mortgage brokers Westland sees financing a new subdivision can be complex and involves a number of different stages and milestones. Typically the developer is already a high net worth and highly risk tolerant individual, and they may have purchased the vacant land out of their own cash reserves. Very high risk tolerance individuals may even raise the finance via a mortgage broker for the purchase of the land, but this can be very risky as they may be depending on council decisions to even allow the eventual subdivision to go ahead. In some cases the costs to bring the land up to a level that is safe for Residential Housing can destroy the project.

Nevertheless if a developer can borrow the money to purchase the property, and if his mortgage broker can get the money on good terms that doesn’t involve the developer inexpensive monthly repayments, then the developer can make a very large amount of money if they can be certain to get the subdivision approved by the council. This generally means that the developer is very experienced, knows the science and the town planning regulations in detail, is on good speaking terms with the key decision makers on the council and has a very good mortgage broker.

 In many cases the vacant land may change owners a number of times before being eventually purchased by a developer that is actually capable of making something happen. It is probable that the purchasers who then on sell the land still make a tidy profit in the trade, but it is the developer who stands to make the most money but of course they also must take the most risk.

 The mortgage broker in this case needs to be able to find lenders who can cope with the level of risk facing the developer, but there are a number of high net worth individuals and consortiums they are prepared to  loan money to these developments, but of course at a high interest rate. If the developer has a very good reputation for completing the project they start then the lender or lenders may even be happy to let the developer capitalise the monthly repayments on the loan.

 For the developer the high interest rates are just a mild inconvenience, because the loan is for relatively short term, it will be paid off as soon as the cash flow allows it, and the profit from the project will be vastly larger than the cost of the loan. Mortgage brokers Southland will know this, and they must be able to prevent this in a highly credible business case to lenders.

Electrical Work In An Old House

When renovating an old house it is always advisable and often legally required to rewire the house to modern standards. Depending upon the age of the house this work can be either fairly straightforward or very difficult and expensive.

If the house is very old then the original wiring could have been installed inside copper conduit, and the wall cladding will probably need to be removed in order to replace the wiring. Sometimes the wiring can be pulled through the conduit, but this is rare.

In older houses it is common for the wiring to have deteriorated, and the insulation could have hardened and cracked or could even have been damaged by Rodents. In any case wiring will need to be replaced with modern wiring and this may involve removing the wall cladding and tidy or removing sections of the wall cladding by cutting it out with a sharp knife. This is much easier to do if the builder is going to be replacing any wall cladding with modern gib lining, and the work for the electrician becomes very much like the work involved in a new home build.

At the very least for an old house it will be necessary to replace all of the lighting and power switches, as these very definitely deteriorate and become unsafe over time. New lighting and power switches can modernise the look substantially, and give a feeling of comfort to the homeowner that their electrical system is safe, but this also needs to be backed up with new wiring in most cases.

The difficulty for electricians Wellington in most renovations of old houses is that modern wiring practices  demand that new wiring the installed from the metre box to individual rooms, and this can mean having to run wiring through the ceilings of an old house and cabling down to the new switches. Conditions can be hot and cramped for the electrician, also was required to do fine delicate work when making safe connections to switches in the metre box.


The electrician can’t really avoid this work, because in the end he or she will need to get it approved by the electrical inspector. This is always or at least should always be a key requirement from any homeowner getting electrical work done.

How To Build A Garden Shed On A Sloping Section

The easiest way to build a quality garden shed in New Zealand is to use one of the kit set sheds supplied by companies like Trade Tested for example. These sheds are pretty easy for the average home handyman to assemble, and the finished product is attractive and sturdy easy to use.

A beautiful garden shed

An essential first step is to build the floor for the shed, this can present a bit of a challenge if the ground is sloping. Normally on flat ground when you would use a concrete pad or a wooden floor, but on the sloping ground, it is almost always preferable and easiest to use a wooden floor set on posts. These need to be spaced at 1.5 metre intervals up the slope and 0.5 metre intervals along a slope (the joists will be spaced at around .5 metre intervals).The posts will need to be concreted into the ground although for a shed they do not need to be set deep.

The posts also need to be set level to support the joists that go under the flooring. The easiest way to get the posts level is to get one edge of the flooring level,  then cut the post to be a few centimetres shorter than the depth of a hole and half fill the hole with wet concrete. The post can be jiggled into place using a spirit level to check the exact height off the fixed edge. It is well worth spending time on this step to get everything correct and level.

Once the concrete is sufficiently set after a few hours then the joists can be mounted on top of the posts and nailed or bolted into place. The trade tested sheds come and convenient sizes wood flooring in multiples of 1.5 metres, and the easiest and cheapest way to put flooring down for a large shed is 2 years 1.5 metre by 150 centimetre fence palings, 19 centimetre thickness will suffice. This makes it easy to leave a rebate around the edge of the floor for mounting the shed walls and ensuring that the floor as above the base of a shed,  and is hence watertight and dry.

Here’s a video on how to build a shed on flat ground:

Video: Build Your Own Backyard Shed

 You may also want to place a concrete pad and front of your shed and this should be done prior to assembling the kit set shed.